日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

Growing interest in A shares bringing more benefits for Hong Kong

By ZHOU LANXU | China Daily | Updated: 2021-11-26 08:58
Share
Share - WeChat
An investor checks share prices at a brokerage in Fuyang, Anhui province, in February. WANG BIAO/FOR CHINA DAILY

Foreign investors' growing interest in the Chinese mainland's A shares and improving market connectivity with the mainland will further enhance Hong Kong Special Administrative Region's status as a key international financial hub, market experts said on Thursday.

Even though the A-share market has been an underperformer among global equities this year, international investor interest in the market has been on the rise. Net inflow to A shares via northbound trading of the stock connect link between the mainland and Hong Kong bourses is on track to reach a record level for the year, they said.

A net total of 347.79 billion yuan ($54.46 billion) flowed into A shares via northbound trading of the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect from the beginning of the year to Thursday, closing in on the annual record of 351.7 billion yuan set in 2019, with trading in the month of December still to come, said market tracker Wind Info.

Cheng Shi, chief economist at Hong Kong-based ICBC International, said the robust inflows demonstrated how the growing appeal of A shares for global investors will benefit Hong Kong, especially as the stock connects are now the most popular channel for foreign investors taking positions in A shares.

"Deepening connectivity with the mainland has presented new development opportunities to Hong Kong," Cheng said. "The SAR's status as an international financial center is expected to further rise amid the country's high-quality economic development, deepening efforts of high-level opening-up and the growing heft of the renminbi in the global financial system."

There have been various mechanisms of deepening capital market connectivity between the mainland and Hong Kong in recent years, ranging from the stock and bond connect programs to the wealth management connect pilot scheme for the Guangdong-Hong Kong-Macao Greater Bay Area launched in October.

Also, the MSCI China A 50 Connect Index Futures, the first A-share derivatives contract offered by Hong Kong Exchanges and Clearing Ltd, began trading in October, reinforcing Hong Kong's role as a key gateway for global investors entering mainland's capital markets.

More progress can be expected in the coming years, as the 14th Five-Year Plan (2021-25)-the country's development blueprint for the period-declared support for Hong Kong to lift its status as an international financial hub. This would require more efforts to deepen financial market connectivity between the mainland and Hong Kong.

"There is great potential for mainland and Hong Kong markets to further connect with each other," Cheng said, citing room for optimizing existing connect programs and exploring new mechanisms when it comes to bond issuance by mainland's local governments in Hong Kong and setting up a regional carbon trading center.

Cheng said the free-float A-share market capitalization held by foreign investors through the stock connects exceeded 2.6 trillion yuan as of Wednesday, accounting for 3.63 percent of the whole market.

"There remains room for foreign money to further allocate in A shares via the stock connects, given the steady earnings improvements of listed firms and relatively low valuations compared with overseas equities like the US markets," he said.

The annual net inflow into A shares via northbound trading of the stock connects is expected to reach 400 billion yuan or so in 2022, up from about 350 billion yuan this year, with increasing foreign interest in small and innovative listed firms, a CITIC Securities report said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 久久久久国产一区二区三区四区 | 日本一区二区三区免费观看 | 亚洲国产精品久久综合 | 99青青青精品视频在线 | 电影长安道无删减免费看 | 91久久国产视频 | 凛子小姐想试试 | 色人阁久久 | 国产伊人网| 成人福利在线视频免费观看 | 99国产精品2018视频全部 | 亚洲精品乱码8久久久久久日本 | 欧美日韩在线免费观看 | 99热这里只有精品国产99 | 久久久久久免费一区二区三区 | 亚州国产 | 久久久亚洲欧洲日产国码606 | 欧洲成人午夜免费大片 | 97国产精品人妻无码久久久 | 天天操天天透 | 亚洲黄色在线视频 | 黄色在线资源 | 亚洲精品黄| 日韩欧美一区二区三区 | 欧美成人26uuu欧美毛片 | 午夜精品久久久久久久99热浪潮 | 欧美一区在线观看视频 | 国产精品视频免费观看 | 日本高清一区二区三区不卡免费 | 91精品网| 日本黄色一级片视频 | 日本高清免费不卡在线播放 | 日韩成人在线播放 | 高清人人天天夜夜曰狠狠狠狠 | 国产福利不卡一区二区三区 | 多女多p多杂交视频在线观看 | 91中文字幕在线一区 | 久久久91精品国产一区二区三区 | 午夜激情小视频 | 午夜久久久久久禁播电影 | 日韩精品一区二区在线播放 |